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Sam Bankman-Fried guilty of defrauding FTX crypto customers out of billions of dollars | US News
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Sam Bankman-Fried has been found guilty of defrauding customers of his cryptocurrency exchange out of billions of dollars. The 31-year-old could be sentenced to more than 100 years in prison after stealing money from clients of FTX. A Manhattan jury convicted him on all seven counts after a month-long trial. FTX collapsed last November, shocking…
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Sam Bankman-Fried found guilty – and the crypto industry may never recover | Science & Tech News
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It took just four hours for a jury to find fallen “crypto king” Sam Bankman-Fried guilty of fraud. The 31-year-old has been convicted of stealing billions of dollars from customers of FTX, which was the world’s second-largest crypto exchange before its dramatic collapse last year. To this day, FTX users – at least 80,000 of…
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Amateur rapper and her husband plead guilty after trying to launder stolen Bitcoin worth billions | Science & Tech News
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An amateur rapper and her husband have pleaded guilty to attempting to launder stolen Bitcoin. Heather Morgan and Ilya Lichtenstein went to desperate lengths in their attempts to convert billions of dollars worth of cryptocurrency into cash. At the time of their arrest in 2022, the stash of 120,000 Bitcoin was worth $4.5bn (£3.5bn). The…
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Briton pleads guilty to hacking stars’ Twitter accounts to steal Bitcoin | Science & Tech News
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A British man has pleaded guilty to hacking Twitter accounts – including Barack Obama, Kim Kardashian and Elon Musk – in a bid to con people out of Bitcoin. Joseph O’Connor, 23, also admitted other hacking schemes, cyberstalking a young victim, and money laundering charges. He was extradited from Spain to New York last month…
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Disgraced FTX founder Sam Bankman-Fried pleads not guilty to fraud | Science & Tech News
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Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to stealing billions of dollars of customer money in his first court appearance since he was released on a record $250m pretrial bail. Bankman-Fried, 30, entered his plea before US district judge Lewis Kaplan at a court in Manhattan, after spending the Christmas period under house…